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Property profile & analytics
OFF-MARKET
Estimated value
$4,965,000
Office buildings
2560 Gdn Rd, Monterey, CA 93940-5338
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-2532279
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Year built
1979
Construction
WOOD
Total area
26,845 SF
Lot
2.31 ac (100,754 SF)
APN
013-322-014-000
UPID
US09-2532279
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
IT Solution Services Tech Support Center (Bike/Boat/Book/etc) Store
-
about julie Alternative Medicine Practice
-
Lynda Richardson Physical Alternative Medicine Practice
-
First Command Financial Advisor - Maecyn Landrith Financial Advisor
-
Monterey Mystery Shopping Business To Business Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.42M
CAP Approach
CAP
$6.19M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.97M
Owner & transaction history
2600 Garden Road LLC · 3 yrs held
2600 Garden Road LLC
since 2023
Last sale
$3.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Monterey submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monterey submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$5,730,000
ML approach
$5,420,000
CAP Approach
CAP Return
Estimation
6%
$6,700,000
6.5%
$6,185,000
7%
$5,745,000
Blend value · Realmo final
$4.97M
Range $4.47M – $5.46M · ±10% · vs last sale $3.50M (Feb 17 2023)
Last sale anchor
$3.50M
Feb 17 2023
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$185 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$30,150
Tax year 2023
Assessed value
$2,685,273
Assessed 2023
Previous assessed
$2,685,273
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$807,856
Assessed improvement
$1,877,417
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING (MULTI-STORY)
Status
Off-Market
Year built
1979
Construction
WOOD
Heating
NONE
Stories
2
Units
1
Rooms
3
Total area
26,845 SF
Lot
2.31 ac (100,754 SF)
APN
013-322-014-000
UPID
US09-2532279
Jurisdiction
MONTEREY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1979
Construction
WOOD
Heating
NONE
Stories
2
Units
1
Rooms
3
Lot
2.31 ac
Current owner
From public records · entity-resolved
2600 Garden Road LLC
Entity
Mailing address
25400 PASEO DEL CHAPARRAL, SALINAS, CA 93908-8607
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
21 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2023
$3,500,000
2600 Garden Road LLC
Holman Building Associates LP
Grant Deed
$2,300,000 · Santa Cruz County Bank
Sep 23, 2021
—
Davi Real Estate LLC
Anthony G Davi JR
Intrafamily Transfer
related
—
Dec 5, 2019
—
Holman Building Associates LP
—
Deed
related
$350,000 · So Cal Capital INC
Nov 7, 2019
—
Holman Building Associates LP
—
Deed
related
$2,200,000 · Santa Cruz County Bank
Sep 16, 2016
—
Anthony G Davi JR
—
Deed
related
$217,500 · Sterling Pacific Lending INC
Oct 23, 2015
$101,500
Holman Building Associates LP
Davi,anthony G JR
Grant Deed
—
May 21, 2015
—
Anthony G Davi JR
Davi Cameron L
Quit Claim Deed
related
—
Jul 9, 2007
—
Anthony G Davi JR.
Davi,anthony G JR & Cameron L
Quit Claim Deed
related
—
May 14, 2007
—
Anthony G Davi JR.
Davi J & K Family Trust
Quit Claim Deed
related
—
Feb 10, 2006
—
Davi Jeff & Kelly Family Trust
Davi,jeff M
Quit Claim Deed
related
—
Aug 12, 2002
—
Davi,tr
Davi,jeffrey M & Kelly J
Quit Claim Deed
related
—
Mar 6, 2002
—
Anthony G Davi
Davi,cameron L & Anthony G
Quit Claim Deed
related
$1,540,000 · Monterey Bay Bank
Dec 29, 1998
$1,353,500
Cameron Davi
Wesserman,merle & Brigitte
Grant Deed
$1,050,000 · Seller
Feb 16, 1994
$267,500
Merle Wasserman
P L Partners Ltd
Grant Deed
related
—
—
—
Anthony G Davi JR.
—
Deed Of Trust
related
$210,000 · Davi Family Trust (pt)
—
—
Cameron L Davi
—
Deed Of Trust
related
$250,000 · Clute Trust
—
—
Mel Wasserman
—
Deed Of Trust
related
$400,000 · First Interstate Bank Idaho
—
—
Davi Jeff & Kelly Family Trust
—
Deed Of Trust
related
$2,100,000 · Rabobank
—
—
Holman Building Associates LP
—
Deed Of Trust
related
$1,700,000 · Preferred Bk
—
—
Anthony G Davi JR.
—
Deed Of Trust
related
$1,914,619 · Rabobank
—
—
Merle Wasserman
—
Deed Of Trust
related
$1,050,000 · First Interstate Bank Of Idaho
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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